Real Estate Investing in Sioux Falls, South Dakota (57105)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57105 (Sioux Falls, SD)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Sioux Falls, SD (57105)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 57105 Sioux Falls
This part of Minnehaha County is not an easy win. The 57105 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 57105 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 57105 sits on the difficult end of the SD spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 57105 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Sioux Falls's stable or hybrid ZIPs before stepping into 57105. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Sioux Falls:
Property Strategy for 57105
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $147,384 | $950 | 4.6% | +4.0% | $147,384 |
| 2BR | $223,542 | $1,110 | 3.6% | +7.9% | $111,771 |
| 3BR | $278,238 | $1,520 | 3.9% | +7.4% | $92,746 |
| 4BR | $340,830 | $1,860 | 3.9% | +7.5% | $85,207 |
| 5BR | $447,851 | — | — | +7.8% | $89,570 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 57105 Compare?
| Metric | 57105 | Sioux Falls | Sioux Falls, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $291,659 | $220,477 | N/A | $311,504 |
| 5-Year CAGR | 5.2% | 5.0% | N/A | 6.8% |
| Avg Rent | $1,212 | $1,290 | N/A | - |
| Cap Rate | 3.2% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 57105 (Sioux Falls, SD). Anonymous, moderated, never written by AI.
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Property managers serving Minnehaha County
Manage rentals here? List your business →Costello Companies offers apartments and townhomes in South Dakota. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $291,659 |
| Monthly Rent | $1,212 |
| Price-to-Rent | 20.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | -12.2% ▼ |
| 3-Year CAGR | -2.2% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 57105
Population: 22,764
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 57105
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,030 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How landlord-friendly is Sioux Falls, SD?
SD ranks as a landlord-friendly state for landlord-tenant law. Sioux Falls generally follows the statewide framework, so landlords face reasonable operating rules.
What is the renter demographic in Sioux Falls, SD?
Tenant demand in Sioux Falls, SD is solid. The local workforce $1,212/mo rents across most rental classes.
What is the median home value in Sioux Falls, SD?
Sioux Falls, SD home values average about $292K. That price point suits investors targeting rentals with $1,212/mo in monthly income.
Is Sioux Falls, SD suited for a house hack?
House hacking works a challenging in Sioux Falls, SD. Rents of $1,212/mo against $292K acquisition make the strategy solid for owner-occupants.
What is the smart move for investors in Sioux Falls, SD?
Investors usually favor careful cash-flow rentals with hands-on management in Sioux Falls, SD. With home values at $292K and rents near $1,212/mo, other strategies can work but produce stable rather than outsized returns.
You know 57105 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 57105 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 57105 ranks in Sioux Falls, SD
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